In the past 48 hours, rumors and news reports began gaining ground that YES Bank is planning to raise $1.2 billion in additional funds. A moneycontrol report is suggesting a new fundraise in the works. YES Bank has also been taking meetings with large investors post its QIP, most recently with DSP Merrill Lynch as well as Goldman Sachs, White Oak Capital and others.
YES Bank said that it could "not comment" on such speculation, which is typically what companies say when there is at least a grain of truth in the rumors. YES Bank's share price has risen rapidly since the news. Insider trades have also emerged, of people inside YES Bank buying additional shares.
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